IVI Communications, Inc. Announces Acquisition of IBC Wireless Generating $2.5 Million Annual Revenue

IVI Communications, Inc. Announces Acquisition of IBC Wireless Generating $2.5 Million Annual Revenue

LOS ANGELES, Feb. 7 /PRNewswire-FirstCall/ -- IVI Communications, Inc. (OTC Pink Sheets: IVCM) announced today that the Company has completed the acquisition of Internet Business Consulting, Inc. ("IBC").

IBC (www.ibconsulting.com), with annual revenue of $2.5 million, is a leading provider of turn-key wireless networks that has the expertise required to engineer, install, and support wireless applications and solutions. In addition, IBC is a national distributor of wireless computer networking equipment from the industry's leading manufacturers including Alvarion, AirSpan, and Motorola, to ISPs, Local Exchange Carriers, Utilities and Enterprise customers that are realizing the benefits of wireless applications.

Nyhl Henson, CEO of IVI Communications stated, "This strategic acquisition positions IVCM to implement its plan to deploy a nationally branded fixed wireless broadband service." Mr. Henson went on to say that "2005 will see explosive growth in this market niche. With IBC on board, IVCM is perfectly positioned to capture significant market share."

Jim Hollis, President of IBC, who was recently honored by Part-15.org as its Wireless Internet Service Provider Consultant of the Year, stated that, "We are delighted to be acquired by IVCM and anticipate rapid growth of our wireless networking business as a result of our central role in the deployment of IVCMs fixed wireless network throughout America."

Charlie Roodenburg, COO of IVCM stated that "The proximity of the newly acquired AppState.net and IBC, located in Boone and Matthews, North Carolina respectively, provides a sterling opportunity for us to refine our wireless broadband service in preparation for launch in several 'pure-play' fixed wireless markets that we have identified in the southeastern United States."

About IVI Communications, Inc.

IVI Communications' first objective is to acquire up to 50,000 dialup subscribers in strategic tier-three markets across America. IVCM will operate the ISPs under the local brands but implement administrative centralization to achieve economies of scale and to generate cash flow. In conjunction with the acquisition of dialup ISPs, the Company will launch a nationally branded wireless broadband service.

It is the Company's goal to grow up to 250,000 subscribers over the next three years through both aggressive marketing and ISP acquisition. The Company plans to significantly increase revenue through conversion of many of its dialup customers to its nationally branded fixed wireless broadband service.

Safe Harbor

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.

IVI Communications, Inc.
6171 W. Century Blvd., Suite 130
Los Angeles, CA 90045
p 310-216-7740
f 310-216-7747
www.ivn.net



Source: IVI Communications, Inc.

CONTACT: IVI Communications, Inc., +1-310-216-7740, fax +1-310-216-7747

Web site: http://www.ibconsulting.com/

Web site: http://www.ivn.net/


-------
Profile: intent